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Tolokan's Group
In this Group: Tolokan, Yigilik, Salamat
Tolokan is the leader of this group. She is 45 and married to a truck driver, whose monthly salary is 3500 soms. Together with her husband she has raised a son and a daughter. The son, 23, works in construction and the daughter, 12, studies at school.

Tolokan works as a teacher in a kindergarten. In order to earn additional money to meet their needs, the family breeds livestock. They resell livestock at a higher price after fattening them. In this way, the family earns an additional 4100 soms per month. With money received from the loan, Tolokan wants to purchase three livestock animals for breeding and two carloads of hay to feed the livestock. In the future, Tolokan wants to see her son get wed and plans to start building a house in Bishkek.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Microfinance Institution in Kyrgyzstan.
MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously).

MBF is the only Microfinance Institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF and view a Video presentation about the organization, please visit: http://www.kiva.org/about/aboutPartner?id=135

If you would like to support and learn more about Kyrgyzstan and microfinance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan – Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF staff.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Kyrgyzstan

  • $2,100
    Average annual income
  • 131
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,420,675
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tolokan's Group's $1,175 loan helped a member to purchase livestock and hay to feed livestock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jun 24, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2012